CITIC Limited — Earnings Release 2004

Mar 15, 2005

Listed Company Information

Listed Company Information
CITIC PACIFIC<00267> - Results Announcement CITIC Pacific Limited announced on 15/03/2005: (stock code: 00267 ) Year end date: 31/12/2004 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/01/2004 from 01/01/2003 to 31/12/2004 to 31/12/2003 Note ('Million ) ('Million ) Turnover : 22,912 26,180 Profit/(Loss) from Operations : 2,293 1,127 Finance cost : (302) (320) Share of Profit Less Losses of Associates : 2,036 769 Share of Profit Less Losses of Jointly Controlled Entities : 570 341 Profit/(Loss) after Tax & MI : 3,581 1,301 % Change over Last Period : +175.2 % EPS/(LPS)-Basic (in dollars) : 1.63 0.59 -Diluted (in dollars) : 1.63 0.59 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 3,581 1,301 Final Dividend : $0.80 $0.70 per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : 06/05/2005 to 12/05/2005 bdi. Payable Date : 17/05/2005 B/C Dates for Annual General Meeting : 06/05/2005 to 12/05/2005 bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: (1) The calculation of earnings per share is based on profit attributable to shareholders of HK$3,581 million (2003 : HK$1,301 million). The basic earnings per share is based on the weighted average number of 2,190,347,374 shares in issue during the year (2003 : 2,188,460,160 shares in issue). The diluted earnings per share is based on 2,191,793,568 shares which is the weighted average number of shares in issue during the year plus the weighted average number of 1,446,194 shares deemed to be issued at no consideration if all outstanding options had been exercised. (2003 : No diluted earnings per share is presented as the exercise of all the options outstanding during the year has no dilutive effect on the earnings per share). (2) Profit from Operations represents profit from consolidated activities. (3) Finance cost represent net finance charges. (4) Prior year adjustments have been made for the understatement of cost of sales of a subsidiary company in prior years. As a result of these understatements, profit before taxation and profit after taxation for year ended 31st December, 2003 was overstated by HK$5 million and HK$4 million respectively. This information has been included in Notes to the Accounts 1(a) of Financial Statements in CITIC Pacific Limited 2004 Annual Report.